Moscow, Russia (1 February, 2006) - the Intersputnik International Organization of Space Communications announced today that its wholly owned subsidiary - Intersputnik Holding Ltd. - has started commercial operation. Intersputnik Holding Ltd. is an international group of satellite service providers that will offer full-scale services including satellite and ground segments, establishment and maintenance of regional and international networks for governmental and private customers.

Intersputnik Holding Ltd. was established in December 2005 within the framework of Intersputnik's new strategy approved in April 2005 by the XXXIII session of the Board and 1st meeting of the Operations Committee of Intersputnik. The basic elements of the new strategy are closer cooperation of the Organization with its Members and Signatories, restructuring of the executive body, development of a concept of Intersputnik's phase-by-phase privatization and a number of other measures to make the Members and Signatories more interested in cooperating with the Organization when providing modern telecommunications services based on Intersputnik's satellite resource.

'Intersputnik boasts many years of experience in establishing and operating satellite communications networks with high customer service quality. It has close partner relations with telecommunications operators and manufacturers of satellite systems all over the world. - says Intersputnik Director General Vadim Belov. 'Diversified activity and adoption of up-to-date business models will make it possible for Intersputnik to greatly expand the range of offered services and improve the quality of its cooperation with customers.'

Intersputnik Holding Ltd. will direct a group of licensed satellite service providers which represent a variety of markets and states. Intersputnik Holding Ltd. has established partner relations with Isatel, a licensed operator having approvals to offer services in the territory of Russia. Another partner is Bosphorcom, a European satellite communications operator that implements and operates full-scale projects in the EU and Eastern Europe. In the nearest future more providers including companies from other regions will join the group through acquisitions and establishment of affiliates of Intersputnik Holding in countries with the most attractive markets.

Intersputnik Holding's President & CEO is Oleg Timoshenko - an experienced manager in the field of satellite communications both in Russia as director general of Moscow Teleport and abroad as CEO of DeTeSat, a subsidiary of Deutsche Telekom (later re-branded as Plenexis).

'Intersputnik Holding's priority is to offer uniform technology and high service quality in newly established regional and transnational satcom networks regardless of the country where such services are provided' - says Oleg Timoshenko. 'In cooperation with regional partners we are going to offer customers in various countries a full set of services to establish satcom networks including network designing, supplies of equipment, leasing of satellite resources and round-the-clock customer support'.

Intersputnik Holding Ltd. enters the full-scale services market with package solutions intended for corporate users and telecommunications operators that plan to establish their own self-contained infrastructure based on satellite technologies. Such telecommunications products as Satellite Private Networks (SPN) and Service Center (SVC) will enable customers to use a full set of services ranging from of channel leasing using Intersputnik Holding's own teleport in Moscow to the installation and operation of dedicated networks using small-size VSAT terminals.

Intersputnik Holding Ltd. is planning to further broaden the range of its products and services. Specifically, the company is going to take part in deploying an experimental broadband satellite IP network for Triple Play services and in a number of other promising telecommunications projects.

New products and services offered by Intersputnik Holding Ltd. will be presented for the first time at the international cable and satellite TV, broadband and satcom exhibition CSTB 2006 to take place in Moscow on February 6-9, 2006.

Founded in 1971 under the intergovernmental agreement on the establishment of an international system and organization of satellite communications, Intersputnik is an international intergovernmental organization headquartered in Moscow, Russia. Today, Intersputnik has 25 member countries. Intersputnik operates an international system of satellite communications and provides telecommunications services to broadcasters, telecom operators and corporate customers via a fleet of geostationary satellites. Under a long-term partnership with Russian Satellite Communications Company, Intersputnik offers its customers satellite resource on Express-A and Express-AM series satellites. The Organization is an official distributor of satellite resources and services of Eutelsat in the territory of Russia and the CIS. It also markets and sells Gascom's satellite capacity in the international market. Intersputnik is a co-founder of the Lockheed Martin Intersputnik joint venture and provides services via the LMI-1 spacecraft. Intersputnik's customers are government and private companies in over forty countries.

For further information, please, contact:

Intersputnik, Stefan Kollar
+7 495 241 7277, 244 0698
info.media@intersputnik.com
http://www.intersputnik.com
http://holding.intersputnik.com